arcelormittal nippon steel

Odisha is finally seeing mega investment projects move from announcement to execution after two decades of delays. Global investors are re-entering the state, with visible progress in steel, semiconductors, ports, and power sectors. The government is actively resolving bottlenecks to ensure steady industrial growth and job creation.

arcelormittal nippon steel India is set to see a leadership change as current CFO Amit Harlalka takes over as CEO from July 1. Dilip Oommen, the company's first CEO since its formation and successful acquisition of Essar Steel, will transition to a board member role after June 30. Oommen has steered the joint venture since its inception.

Lakshmi Mittal has launched his most ambitious greenfield project in India, breaking ground on an 8.2 million-tonne steel plant in Anakapalli, Andhra Pradesh. ArcelorMittal will invest over Rs 70,000 crore in the facility, expected to begin operations by early 2029. This marks a significant renewed push into India for the steel magnate, following earlier unmaterialized greenfield plans.

arcelormittal nippon steel India Ltd (AMNSIL) has filed a petition in the Gujarat High Court against the Government of Gujarat and Essar Bulk Terminal Ltd seeking transfer of Hazira port licence in its name.

Prime Minister Narendra Modi will on Friday virtually attend the 'bhoomi pujan' of the expansion project of steel major arcelormittal nippon steel India's flagship plant at Hazira in Gujarat's Surat district, officials said.

Steel magnate and executive chairman of the world’s largest steel producer, ArcelorMittal, Lakshmi Niwas Mittal met CM Naveen Patnaik at the latter’s residence on Saturday. It’s the second meeting of the ArcelorMittal boss with the CM in the past six months.

New Delhi, Sep 20 () The Competition Commission has approved the acquisition of debt-ridden Essar Steel by a consortium of ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal Corporation.

Sapan Gupta, the general counsel of arcelormittal nippon steel India and vice-president, ArcelorMittal has been elevated as the global legal head of ArcelorMittal, as per an internal communication of the company.

Steelmaker arcelormittal nippon steel India (AM/NS India) on Thursday inked an agreement with the Odisha government for setting up a 12 million tonnes per annum (MTPA) greenfield integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, officials said.

The company on Thursday announced it has received environment clearance from the ministry of environment, forest and climate Change (MoEFCC) for the expansion, after a detailed environmental impact assessment. The plant will now expand to 15 million tonne per annum (MTPA) capacity.

arcelormittal nippon steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel – has set up a 250-bed Covid care hospital at Hazira, Surat, which will receive an uninterrupted supply of oxygen gas from its plant.

The increase in export taxes on iron ore, announced by the government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets, a mining industry body said on Monday.

Japan's Nippon Steel acquires US Steel for $14.9B in cash, outbidding Cleveland-Cliffs and ArcelorMittal in an auction. The deal represents a 142% premium to the last trading day price of $55 per share. US Steel chose Nippon's superior offer over Cleveland-Cliffs' bid. Nippon and ArcelorMittal jointly own a plant in Alabama and are investing $1B in an electric arc furnace. The acquisition will help Nippon expand its global crude steel capacity and production in the US, benefiting from rising steel prices as automakers increase production.

Union steel minister Ram Chandra Prasad Singh on Wednesday inaugurated the country’s first road at Hazira constructed entirely from a specially designed steel slag.

Metal billionaires Lakshmi Mittal, brothers Sajjan Jindal & Naveen Jindal, and Anil Agarwal (of Vedanta) have shown an interest in Uttam Galva Steels, which has been put on the block by lenders. Mittal has the highest exposure to Uttam Galva’s liabilities of Rs 9,742 crore, followed by other financial and operational creditors.

New Delhi, Apr 26 () Russia's VTB Capital-backed NuMetal Ltd has moved the National Company Law Appellate Tribunal (NCLAT) against an order allowing rival ArcelorMittal to clear bank dues of associate companies so that it can become eligible for acquisition of Essar Steel.

The National Company Law Appellate Tribunal (NCLAT) has stayed the orders of Ahmedabad bench of NCLT directing ArcelorMittal India to pay around Rs 1,300 crore as IRP costs in Odisha Slurry Pipeline Infrastructure (OSPIL) for using its assets.

Ahmedabad, Apr 19 () In a major victory for Numetal and ArcelorMittal, the Ahmedabad bench of the NCLT today lenders and the resolution professional of the bankrupt Essar Steel to reconsider their first bids.

Decks are clear for the expansion of arcelormittal nippon steel (AM/NS) India’s steel plant in Hazira. The company on Thursday received environment clearance from the Union ministry of environment, forest and climate change (MoEFCC) for the expansion.

Full report on www.toi.in.